Sonida Senior Living, Inc. has reached an agreement for loan modifications, where it has entered into a forbearance agreement with Fannie Mae for all 37 of its encumbered communities and second amendment to its agreement with Ally Bank. The company made a $5.0 million principal payment for the forbearance by Fannie Mae, and it foresees a total interest saving of roughly $6.1 million for 2023-2024. The company's largest shareholder, Conversant Capital, made a $13.5 million equity commitment to Sonida for the next 18 months.